Logo ofRiyad Bank
Riyad Bankcompleted its SAR-denominated additional Tier 1 capital sukuk issuance under its SAR additional Tier 1 Sukuk program, worth SAR 2 billion, the lender said in a statement onTadawul. 
The sukuk will be settled on Jan. 23, the statement added.
Sukuk Issuance Details
Offer Type
SAR-denominated additional Tier 1 capital sukuk
Offer Value
SAR 2 bln
Total No. of Sukuk
8000 suk
Par Value
SAR 250,000
Sukuk Return
6% annually
Maturity
Perpetual subject to early redemption on a call date or as otherwise specified in the base offering circular and the applicable final terms relating to the sukuk
Terms of Redemption
The sukuk are perpetual securities and accordingly do not have a fixed or final redemption date. However, they may be redeemed in certain cases as detailed in the base offering circular and the applicable final terms in relation to the sukuk.
Logo ofRiyad Bank
Riyad Bankcompleted its SAR-denominated additional Tier 1 capital sukuk issuance under its SAR additional Tier 1 Sukuk program, worth SAR 2 billion, the lender said in a statement onTadawul.
The sukuk will be settled on Jan. 23, the statement added.
Sukuk Issuance Details
Offer Type
SAR-denominated additional Tier 1 capital sukuk
Offer Value
SAR 2 bln
Total No. of Sukuk
8000 suk
Par Value
SAR 250,000
Sukuk Return
6% annually
Maturity
Perpetual subject to early redemption on a call date or as otherwise specified in the base offering circular and the applicable final terms relating to the sukuk
Terms of Redemption
The sukuk are perpetual securities and accordingly do not have a fixed or final redemption date. However, they may be redeemed in certain cases as detailed in the base offering circular and the applicable final terms in relation to the sukuk.
